CHINAGEM--a dynamic general equilibrium model of China : theory, data and applications / Xiujian Peng, editor.
Peng, Xiujian.
2023
HB141.3.C66 C45 2023
Available Online

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Title CHINAGEM--a dynamic general equilibrium model of China : theory, data and applications / Xiujian Peng, editor.
ISBN 9789819918508 (electronic bk.)
9819918502
9819918499
9789819918492
DOI https://doi.org/10.1007/978-981-99-1850-8
Published Singapore : Springer, [2023]
Language English
Description 1 online resource (x, 288 pages) : illustrations (chiefly color).
Item Number 10.1007/978-981-99-1850-8 doi
Call Number HB141.3.C66 C45 2023
Dewey Decimal Classification 330.01/5195
Summary This book contains detailed documentation of the CHINAGEM model - a large-scale dynamic computable general equilibrium (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM model. This book explores the closure development for the four simulation modes of the model including historical, decomposition, forecast and policy simulations, the detailed explanation of how to analyze simulation results, and the extensions of CHINAGEM and their applications. These extensions include several innovative modules and case studies as examples of the application of CHINAGEM. This book provides an entry point for CGE modellers to develop their analytical skills. This book can also be used as a platform for research institutes to develop CGE models suitable for their research portfolio. The module developments included in this book are designed to capture the specific features of the Chinese economy. The applications of these modules chosen in the book cover hot policy issues in China, and the simulation results have valuable policy implications. This book identifies that the CHINAGEM model itself and all the extensions can be used for analysing many new topics and policy issues such as the effects of the USAChina trade war, the effects of Made in China 2025 Plan as well as Chinas commitment to the carbon neutrality before 2060 and its economic implications.
Access Note Access limited to authorized users.
Source of Description Description based on online resource; title from digital title page (viewed on September 21, 2023).
Added Author Peng, Xiujian.
Series Advances in Applied General Equilibrium Modeling
Available in Other Form CHINAGEM--a dynamic general equilibrium model of China.
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Intro
Acknowledgments
Contents
Part I About the Computable General Equilibrium Modelling
1 Computable General Equilibrium Modelling: History, Contribution and What You Can Learn from This Book
1.1 What is a CGE Model?
1.2 CGE Versus Input-output
1.3 About This Book
1.4 Concluding Remarks
References
Part II CHINAGEM Model and Its Simulation Modes
2 Introduction of the CHINAGEM Model
2.1 Introduction
2.2 The Application of CHINAGEM
2.3 The Extension of CHINAGEM
2.4 Study of CHINAGEM
References
3 Structure of the CHINAGEM Database

3.1 Structure of the CHINAGEM Database
3.2 Generating Data and Initial Solutions for Other years
Reference
4 Equations and Solution Method of CHINAGEM
4.1 Overview of the Mathematical Structure of CHINAGEM and Introduction to the Johansen/Euler Solution Method
4.2 Stylised Version of the CHINAGEM Model
4.2.1 Equations in the Stylized Version
4.2.2 A Trial Closure of the Stylized Version of CHINAGEM
References
5 Closure Development and Historical Simulation from 2012 to 2019
5.1 How to Develop a Closure for Historical Simulation

5.2 Data Sources and Data Consistency Issues
5.3 Historical Simulation Results Analysis
References
6 Closure Development and Forecast Simulation from 2020 to 2030
6.1 How to Form a Closure for Forecast Simulation
6.2 Forecast Simulation and Its Results
Reference
7 Closure Development and Policy Simulation-The Effects of Increasing Required Rate of Return on Capital
7.1 How to Form a Policy Closure
7.2 How to Explain the Policy Simulation Results
7.2.1 The Approach to Understanding the Simulation Results
7.2.2 Using the Closure and the BOTE Models

7.2.3 Explain the Macroeconomic Results of the Policy Simulation-First Year
7.2.4 Explain the Macroeconomic Results of the Policy Simulation-the Following Years
7.2.5 Industry Results
Appendix 7.1 List of Industries and Commodities in 2012 CHINAGEM Aggregated Database
Appendix 7.2 List of Industries and Commodities in 2012 CHINAGEM Original Database
8 Closure Development and Decomposition Simulation from 2012 to 2019
8.1 Historical and Decomposition Closures
8.2 The Decomposition Simulation from 2012 to 2019
8.2.1 Macroeconomic Assumption in the Decomposition Simulation

8.2.2 Decomposition Simulation-Macro Results
8.2.3 Cross-Column Analysis-Growth of China's Economy from 2012 to 2019
8.3 Summary
References
Part III Extensions of the CHINAGEM Model and Their Applications
9 Labour Market Module and Its Application-The Economic Effects of Facilitating the Flow of Rural Workers to Urban Employment in China
9.1 Introduction
9.2 Modelling Framework and Labour Market Module
9.2.1 CHINAGEM Model
9.2.2 Labour Market Module and Labour Market Categories and Activities
9.2.3 The Equation System of the Labour Market Module
9.3 Baseline Scenario

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